Bullish : $Adobe(ADBE)$172 billion cap - stable to go through inflation. Similarly to other Tech price beaten down almost 50%. Q2 result beat top line 16% YoY on Revenue and bottom line EPS 11% YoY.
Cons: Risk as mgmt guidance on Q3 was not great. I sense the product line up will stay relavant with Cloud transitions. Adobe user will remain loyal similar to Apple model.
Sideline : Trade at resistance of 370 to earn some snacks. It's that's simple. This line has been tough to break.
Adobe resistance line
p/s I missed the last recent rally. But I won't this time. I'm writing this to remind myself.
Cheers to all Tiger friends! [Cool]
Thank you for reading.
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